Bitcoin has returned to the support zone of $60000-64660. It is a completely natural move - a retest. We can also see a breakdown of this support, in this case, there are two levels below: $62,000 (weaker) and $60,000 (stronger). All of these levels are good for entering LONG. We are currently in a bullish formation. To break it, the price needs to return below ~$60,000. At the moment, I am holding my LONG position and ready to average down. A brief market analysis for October 1st. ⭐️ Volatility index: 1.95 (low) ⭐️ Fear and Greed Index: 50 (neutral) ⭐️ Altseason index: 49 (neutral) ⭐️ Bitcoin Dominance: 57.14% ⭐️ Market capitalization: $2.21 trillion. ⭐️ BTC Long/Short Ratio: 49.52% 50.48% #BTC
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#Can the October upward trend arrive as expected?
Bitcoin has returned to the support zone of $60000-64660. It is a completely natural move - a retest.
We can also see a breakdown of this support, in this case, there are two levels below: $62,000 (weaker) and $60,000 (stronger). All of these levels are good for entering LONG. We are currently in a bullish formation. To break it, the price needs to return below ~$60,000. At the moment, I am holding my LONG position and ready to average down.
A brief market analysis for October 1st.
⭐️ Volatility index: 1.95 (low)
⭐️ Fear and Greed Index: 50 (neutral)
⭐️ Altseason index: 49 (neutral)
⭐️ Bitcoin Dominance: 57.14%
⭐️ Market capitalization: $2.21 trillion.
⭐️ BTC Long/Short Ratio: 49.52%
50.48% #BTC